“Q3 was a great quarter for Cirrus Logic as demand for multiple new products in portable audio drove revenue above our expectations,” CEO Jason Rhode, said in a statement. “During the quarter, we gained traction with our portable audio and LED lighting products, where we began shipping in additional SKUs and customers. Our outlook for the year remains on track, and we are positioned well for further growth in FY '14. We continue to see significant opportunities to grow our business with both new and existing customers.”

However, guidance for the fiscal fourth quarter ending in March fell shy of estimates: the company sees revenue of $200 million to $220 million, below the Street at $234.9 million.

Shares of Cirrus, which counts Apple as its largest customer, were battered in today's regular session in the wake of Apple's disappointing earnings report yesterday, falling $3.24, or 10.8%, to $26.71. In late trading, the stock is up 14 cents, or 0.5%, to $26.85.